US Treasury faces growing competition as foreign bonds offer higher yields and debt tops $40 trillion - Crypto Briefing
US Treasury faces growing competition as foreign bonds offer higher yields and debt tops $40 trillion - Crypto Briefing
Source: Crypto Briefing
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DW NOTE
The US Treasury is now competing for capital in a world where German 10-years yield more than Treasuries and the fiscal position is deteriorating in wartime without wartime discipline. Foreign holders have been net sellers for three consecutive quarters. When your safe asset stops paying a premium and your deficit is structural, the buyer of last resort is the printing press.